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Powder Coatings Market worth $21.4 billion by 2025

 



(EstateNewsWire.com, June 12, 2020 ) The report "Powder Coatings Market by Resin Type (Thermoset and Thermoplastic), Coating Method (Electrostatic Spray, Fluidized Bed), End-use Industry (Appliances, Automotive, General Industrial, Architectural, Furniture), and Region - Global Forecast to 2025" The market size of powder coatings is projected to grow from USD 15.7 billion in 2020 to USD 21.4 billion by 2025, at a CAGR of 6.3%. Powder coating is recently the most commonly used surface finishing technique. Thermoset powder coatings is the most preferred powder coatings technology for industrial applications; predominantly using epoxies and polyesters. Epoxies are preferred for their overall physical properties, while polyesters exhibit better outdoor weathering properties. The resin component in the formulation will largely determine the processing and properties of powder coatings.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=151375565

Thermoset resin segment accounted for the largest share of the powder coatings market

The thermoset resin accounted for the largest market share in 2018. Thermosetting powder coatings are tougher, have better adhesion to metal substrates, and are more resistant to solvents and chemicals than thermoplastic coatings. The coating has a different chemical structure from the basic resin. After curing, a thermoset coating remains thermally stable, meaning it cannot be melted back into a liquid from further heating. The newly formed materials are heat stable and will not soften back to a liquid on further exposure to heat. Thermoset powder coating systems offer broad formulation flexibility.

Appliances is the fastest-growing application segment in the overall powder coatings market

The global appliance market is increasing due to technological advancements, growth in the housing sector, rapid urbanization, rise in per capita income, improved standard of living, change in consumer lifestyle, surge in need for comfort in household chores, and the escalating number of smaller households. Also, the consumer is inclining towards the use of eco-friendly and energy-efficient appliances. As powder coating is zero or low VOC product, these factors will drive the market for the powder coatings.

Don't miss out on business opportunities in Powder Coatings Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=151375565

Browse in-depth TOC on "Powder Coatings Market”
289 - Market Data Tables
82 - Figures
228 - Pages

The powder coatings market is expected to be driven by rising demand from emerging economies

APAC is the leading market for powder coatings. The high growth in the region is fueled by booming economies in China, India, and a few smaller countries such as Indonesia and Taiwan. Thermosetting powder coatings are preferred more than thermoplastic powder coatings because thermosetting coatings are heat-stable and, unlike thermoplastic powders, do not soften back to the liquid phase when re-heated. In APAC, the immigration of global auto manufacturers and increasing activities in the building & construction industry, including few highly cash-intensive projects, account for the high revenue growth of the powder coatings market in the region.

Key players profiled in the powder coatings market report include The Sherwin-Williams Company (US), PPG Industries, Inc. (US), Akzo Nobel N.V. (Netherlands), Axalta Coating Systems, LLC. (US), Asian Paints Limited (India), and Nippon Paint Holdings Co., Ltd. (Japan).

Get This Report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=151375565

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


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